Altenar sales manager Frederico Caputi said Colombia's 19% VAT on online gambling deposits is affecting operators' margins. The tax took effect on 22 February 2025 and is temporary through the end of the year, Caputi said; he also cited more than 17 licensed operators in the market.
The deposit-based VAT reduces the funds available to players and is a stated margin pressure for operators.
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7bet said it is launching prediction markets for players in Latvia and Lithuania. Its platform uses technology supplied by Altenar, and the products will cover event contracts including elections, politics, weather and sport. The applicable gambling rules differ between the two markets, and the report says it remains unclear how 7bet's offer fits those requirements.
Vilnius-based 7bet has announced a prediction markets product launch in Lithuania and Latvia.
Altenar has appointed Nicolás Seccatore as sales manager for Latin America. The company said he will support its commercial expansion in the region, focusing on sportsbook partnerships with tier-one operators and major regional brands.
Altenar has appointed Nicolás Seccatore as sales manager. Seccatore will support the company's commercial expansion across Latin America.
Sports betting technology supplier Altenar appointed Steven Craven as chief financial officer, the company announced. Craven will oversee its financial operations and strategy as it develops its international markets. Altenar said he previously worked at PwC, Strix and PokerStars/Flutter.
Altenar has appointed Steven Craven as chief financial officer, the sports betting technology supplier announced. Craven will oversee the company's financial operations and strategy, aligning financial planning with its long-term business objectives in international markets.
Altenar said it will provide sportsbook technology for Wildz Group’s planned entry into Finland’s regulated online gambling market. Wildz Group said it had received a Finnish online gambling licence, which will permit operations when the market opens in July 2027; the company described itself as the first operator to announce a licence award publicly.
Wildz Group expanded into sports betting in 2024, selecting Altenar as its sportsbook platform provider, according to the company’s case study. The tailored product included Bet Builder, cash-out, live streaming and personalised odds features, with Nordic-market trading expertise used to adapt the offer.
Wildz Group, whose main business is online casino, expanded into sports betting in 2024 and selected Altenar as its sportsbook platform provider, according to a case study published by Altenar. The implementation used a tailored product rather than a standard off-the-shelf solution, the company said.